Prestige Hospitality Ventures Limited IPO Details
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Prestige Hospitality Ventures IPO DRHP (Draft Red Herring Prospectus) has been SEBI Approval Received.
The Lead Managers for Prestige Hospitality Ventures IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Jm Financial Limited, Clsa India Private Limited, JP Morgan India Pvt.Ltd., Kotak Mahindra Capital Company Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the Prestige Hospitality Ventures Limited DRHP.
Prestige Hospitality Ventures IPO Details
Prestige Hospitality Ventures IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
To be announced | |||
Prestige Hospitality Ventures IPO Reservation
Promoter Holding
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Prestige Hospitality Ventures IPO Valuations
Prestige Hospitality Ventures Financial Information
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 3,822.24 | 3,729.88 | 3,330.17 | 3,114.38 |
| Revenue | 1,012.93 | 1,024.64 | 1,049.26 | 320.86 |
| Profit After Tax | 67.79 | 161.78 | 156.2 | 86.16 |
| Net Worth | 78.9 | 79.63 | 81.92 | 82.34 |
| Total Borrowing | 1,752.8 | 1,752.8 | 1,818.29 | 1,733.35 |
| Amount in ₹ Crore | ||||
About Prestige Hospitality Ventures IPO
Prestige Hotel Ventures is a hospitality asset owner and developer focused on luxury, upper upscale, and upper midscale properties in India, catering to both business and leisure travellers. It is part of the Prestige Group, promoted by Prestige Estates Projects Limited (PEPL), a real estate developer with 38 years of experience and a market cap of ₹729.66 billion as of December 31, 2024.
PEPL operates across residential, commercial, hospitality, and retail sectors. The company's portfolio includes Operating, Ongoing, and Upcoming Hospitality Assets. As of December 31, 2024, the portfolio comprises:
- Seven Operating Assets with 1,445 keys (including one under renovation with 190 keys)
- Three Ongoing Assets with 951 expected keys
- Nine Upcoming Assets with 1,558 expected keys.
The company's hotels are located in major Indian cities like Bengaluru, Delhi-NCR, Mumbai, Goa, Hyderabad, and Chennai.
As of December 2024, the company had 1,638 permanent employees.
Strength Of Prestige Hospitality Ventures IPO
Risk Of Prestige Hospitality Ventures IPO
Objectives Prestige Hospitality Ventures IPO
1. Repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by the Company .
2. Material Subsidiaries, namely, Sai Chakra Hotels Private Limited and Northland Holding Company Private Limited, through investment in such subsidiaries.
3. Pursuing inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.
Company Contact Details
Prestige Hospitality Ventures Limited
Prestige Falcon Tower
No.19, Brunton Road
Phone: +91 80 25591080
Email: investors.phvl@prestigeconstructions.com
Website: https://www.prestigehospitalityventures.com/
Registrar Contact Details
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